Specifications include, but are not limited to: 1. Provide the types of accounts listed on p. 4. 2. Provide sweep account services for investment of available daily account balances. 3. Provide Positive Pay capabilities for check (vendor payments) fraud protection with electronic file submission or manual item entry and online decision-making capabilities. Verification to include: check number, amount, and payee name. 4. Provide a full range of ACH processing including debits and credits, including same-day ACH. 5. Provide full service, secure, web based, online banking services for all accounts that includes but is not limited to: current and prior day balance reporting with debit and credit transaction listings, capability to search for transaction items, check image retrieval (back and front), execute stop payments, initiate internal and external wire transfers (dual control is required on all outgoing wires), transfer funds between HRA accounts, ACH debit and credit processing, accessing detailed ACH information, access to monthly bank statements and special reports. 6. Provide full Account Reconciliation Plan Services for HRA’s main checking account.
